Gold Surging: Buy Mining Stocks? Not So Fast Says Frank Barbera
"The last letter I put out I told subscribers that I thought the mining stocks could get cut in half in here and I’m going to stick with that. I think we’re looking at a 30 to 50 percent decline over the next six months." --Frank Barbera
While I believe better buying opportunity may lay ahead, I could not be more in disagreement with Mr. Barbera's conclusions. This is not because I am a gold pom pom waver (I mean, really...), but because I have done exhaustive work - the core of it residing in NFTRH148 - that leads to much different conclusions.
The keys to the kingdom come to those who work hard to understand what is in play from many different angles, including views contrary to one's own. That is because you can only be strong in a conviction if you understand why you have the conviction in the first place.
NFTRH148 tries to fully explain the compelling aspects of what is happening beneath the surface of the unique and counter-cyclical gold stock sector. This includes profound messages flashing in the HUI-Gold ratio, Gold-Commodities ratios (i.e. gold's real price) and in the nominal HUI with respect to its position of relative strength to the conventional world of stocks.
There is much more too, but this being a simple promo, I'll just clip it here and get about my weekend.